October 11, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Ex-Big Law Partner Ravelo Sentenced to 5 Years for Vendor Fraud Scheme
(DBN)

Firms Vie for Top M&A Billing as Dealmakers Zero In on US
(DBN)

The Big Four Are Coming For You
(DBN)

New Report Finds Female Path to Law Firm Partnership a Sluggish Crawl
(DBN)

Gender Pay Gap In The Legal Profession May Have A Relationship To Publicized Trump-Era Misogyny
(DBN)

Leading Litigation Funder Sets Aside $50 Million for Women-Led Matters
(DBN)

How do employers perceive LinkedIn Profiles vs. Resumes?
(DBN)

Lawtech entrepreneur launches app that lets you swipe right to ‘sue anyone’
(DBN)

Law School In Paradise To Accept GRE For Admissions
(DBN)

Valparaiso Law School To Move To Tennessee
(DBN)

Law Schools Increasingly Scrutinize Applicants' Social Media Posts In Admissions Decisions
(DBN)

Lawsuits target law reviews at Harvard and NYU, saying they favor women and minorities
(DBN)

Some Advice On How To Avoid Pissing Off In-House Counsel
(DBN)

Smaller Firms Must Prepare For Cyberattacks, Too
(DBN)

Boies Schiller Nabs Prominent Attorney Susan Estrich From Quinn Emanuel
(DBN)

Will You Report Harassment or Bullying? Be Honest
(DBN)

Listen Up, Counselor! Here’s How to Get What You Want From Clients
(DBN)

Stopping Problem Representations Before They Start
(DBN)

Turnaround Attorney Keith Sambur Joins Holland & Knight in Denver
(DBN)

Delivery Of Legal Services v. Delivery Of Pizza: Tech Challenges Are The Same
(DBN)

New Ops Perspectives Transform Law Business
(DBN)

Women-Owned Law Firms Surge Amid Gender Disparity in the Profession
(DBN)

Republican operative who sought Clinton emails had ties to Michael Flynn going back to 2015: Report • Trump-Appointed Judge Sentences Man in Mueller Case to 6 Months in Prison • Former FBI deputy director Andrew McCabe reportedly butted heads with Rod Rosenstein over the Russia investigation
(DBN)

Trump Discussed Making Sessions' Chief of Staff New Attorney General, Report Says
(DBN)

FBI Director Won't Answer Question About Whether Trump's Phone Conversations Are Being Collected
(DBN)

Even as President, Trump May Face Civil Suit in NY Courts, Law Professors Aim to Argue
(DBN)

Harvey Weinstein assault case in danger of falling apart? • Trump jokes about "the rules of #MeToo" at Pennsylvania rally • Corporate America Weighs New Clawback Policies for #MeToo •Law Prof Calls B.S. on Melania Trump's Claim About Sex Assault Victims
(DBN)

In Arpaio Case, Deeply Divided Ninth Circuit Stands By Decision to Appoint Special Prosecutor
(DBN)

Operator of limo company charged with negligent homicide in deadly New York crash
(DBN)

Medieval Reenactor Impales Himself
(DBN)

Local Laws Say Trick-Or-Treaters Over Age 12 Could Be Sent to Jail
(DBN)

Man Who Allegedly Groped 16-Year-Old McDonald’s Worker Said He ‘Was Just Being Friendly,’ Police Say
(DBN)

Woman Chases Husband With Meat Tenderizer and Then Lays Across Road . . .Only To Be Run Over By Drunk Driver
(DBN)

Pa. Atty, Girlfriend Charged Over Secret Pics Of Drunk Woman
(DBN)

Suit Alleges Law Firm Hijacked Competitor’s Clients Via Google Ads’ Sponsored Searches
(DBN)

Lawyer used driving license to eat pasta lunch after court security confiscated his fork
(DBN)

Bankruptcy lawyer charged with stealing $10,000 from client
(DBN)

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Judges:

BK MA: Bankruptcy Judge Position
(DBN)

BK SD GA: Courthouse Closings Due to Hurricane Matthew • BK ED NC: Closings and Cancellations • BK SC: Hurricane Michael Closing
(DBN)

NY Law Professors Explain Why They Tried to Prevent Brett Kavanaugh From Joining the Supreme Court • FBI Confirms Limits on Kavanaugh Probe • FBI director defends Kavanaugh investigation • Letter from Chief Justice Roberts Transferring Judicial Misconduct Complaints Filed Against Former Circuit Judge Brett Kavanaugh to the Tenth Circuit • Chief Justice John Roberts assigns judicial misconduct complaints against Kavanaugh to federal judges • In his first Supreme Court arguments, Kavanaugh takes serious approach and loses some ‘faceoffs’ • Empirical SCOTUS: What to expect from Kavanaugh’s first term • Law Students To Hold National Walkout, 3-Day Strike To Protest Kavanaugh • 2,400 law professors won't be drinking beers with Kavanaugh
(DBN)

Judge Sues Fellow Jurist Over Facebook Posts
(DBN)

Trump Names 13 More Nominees for the Federal Bench
(DBN)

Complaining About Justices' Campaign Contributions Gets Lawyer Referred for Bar Discipline
(DBN)

The Oldest Person To Ever Become A Supreme Court Justice
(DBN)

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Wall Street:

Dow futures point to a 300-digit dive at the open as global markets continue to plunge • Global markets tumble; U.S. stock futures point to continued selloff on Wall Street • Dow futures down more than 200 points as Wall Street looks to build on losses
(DBN)

Traders are betting the global market bloodbath is just getting started
(DBN)

Why global markets are collapsing right now, and who you should blame for it
(DBN)

The market's 'fear index' just exploded upwards as stocks around the world plummet
(DBN)

Global Markets Selloff Picks Up Speed • Global markets are getting pounded as fear grips investors • Wall Street losses rip through global markets as rate fears shake investors • ASX plunges back below 6000 as Australian stocks are caught in a wave of global selling
(DBN)

The Dow tumbles more than 800 points • Dow plunges more than 800 points in worst drop since February, Amazon and tech shares lead the rout • Tech stocks have their worst day since August 2011 • Dow futures point to more than 100-point drop on Thursday as October stock-market rout continues • These stocks in the Dow, S&P 500 and Nasdaq declined the most today • Third Worst Day Ever
(DBN)

The Fed is undergoing a major change, and the market is having a fit
(DBN)

More than half of the S&P 500 is already in a correction as sell-off worsens
(DBN)

A rare and worrisome thing happened during Wednesday's stock market slaughter: Bonds fell, too • Correlation Breakdown Leaves Nowhere To Hide In U.S. Markets
(DBN)

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Climate:

Hurricane Michael Pummels the Florida Panhandle • 'The whole city looks like a nuke was dropped on it:' Photos show the devastation left in Florida by Hurricane Michael • Hurricane Michael just made landfall as the strongest storm to hit the US since 1969 — more intense than Hurricanes Andrew or Katrina • Early videos of Hurricane Michael reveal the scale of the storm's destruction in the Florida Panhandle • Hurricane Michael to wallop cotton, peanut crops as Category 4 storm hits Florida Panhandle • 21 Waffle House locations have closed in preparation for Hurricane Michael — here's why that's a bad sign • Hurricane Michael has made landfall in Florida with 155 mph winds. It's the third-strongest storm ever to hit the US •How Hurricane Michael got so strong, so quickly • ABC hurricane reporter trembles with emotion as she sees home ‘rolling down the street’ • Hurricane Michael Makes Landfall on Florida Panhandle • Hurricane Michael slams Florida with strongest winds since 1992 • Images, video showing Michael's destruction emerge: 'All the houses are submerged' • Hurricane Michael weakens to a tropical storm on its way through central Georgia • Panama City weathers brunt of Michael's destructive force • FEMA under pressure as Hurricane Michael recovery begins • Trump rallies in Pennsylvania as Hurricane Michael barrels up the coast
(DBN)

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Celebs:

Real Housewives star Teresa Giudice's husband Joe to be deported to Italy after prison release • Teresa Giudice 'Never Imagined' Joe Would Be Deported, Source Says: 'This Is Going to Break Her'
(DBN)

Jeff Bezos' fortune plummeted $9.1 billion after Amazon was crushed in the stock market rout
(DBN)

Former-Met Lenny Dykstra Indicted On 3 Charges
(DBN)

Ex-#1 NHL pick now homeless
(DBN)

Michael "The Situation" Sorrentino Gets 8 Months In Prison For Tax Evasion
(DBN)

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Compensation:

'They got a $2 million raise last year?': Netflix lets any exec or director see what employees make, and people are freaking out
(DBN)

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Construction:

One of the city’s biggest concrete contractors, Navillus, can exit bankruptcy
(DBN)

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Student Debt:

More on PSLF fail
(DBN)

The future of student debt: How employers might help
(DBN)

How This 36-Year-Old Got $50,000 Of Her Student Loans Forgiven
(DBN)

How the New IRS Rules Affect Student Loan Benefits
(DBN)

Tax Credit Proposed for Student Debt Relief in Delaware
(DBN)

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Television:

The battle for the future of TV
(DBN)

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Economy:

Cramer thinks the Federal Reserve is behind the sell-off: 'I really miss Janet Yellen' • Trump says the Fed has ‘gone crazy’ after the Dow tumbles 830 points in one day • What Trump’s tirade against ‘loco’ Fed means for the markets • 'I would not associate Jay Powell with craziness,' says IMF's Christine Lagarde • The Fed hasn't 'gone crazy' and Trump shouldn't publicly diagnose: JP Morgan international chairman • Top officials praise the Fed and its independence, after new attacks from Trump • Mohamed El-Erian: Stock market rout will not derail further Fed rate hikes • The Fed needs to stop at 3%, Morici says • Why one economist says Trump is right about the Fed
(DBN)

US economy like the Titanic — moving at full steam, with an iceberg ahead: Guggenheim
(DBN)

Fed GDPNow latest forecast: 4.2 percent — October 10, 2018
(DBN)

US producer prices rebound in September
(DBN)

Amid China trade war, US moves to broaden review of foreign investment • Treasury: New Rules on Foreign Investments • China Optimistic on Trade War Breakthrough • Peter Navarro: Team Trump is protecting America’s vital manufacturing, defense industrial base from big risks • U.S. garlic growers are in love with the China trade war • Trump’s tariffs take direct aim at Chinese stocks • China is dramatically cutting US oil imports, analyst says, even though it's not on tariff list • US and China jockey for global support as trade war ramps up • Trump trade war delivers farm boom in Brazil, gloom in Iowa • US-China trade war becomes a hog’s dinner, as Beijing considers reducing soybean rations for pigs • World Bank's Kim sees 'clear' economic slowdown if trade war escalates • Wisconsin manufacturers concerned about tariffs • The manufacturers fighting Trump's tariffs • Even If Trump's Tariffs Are Effective, There's One Reason They Won't Work • Trump Says Blame ‘Loco’ Fed, Not China Trade War, for Sell-Off • Trump's tariffs now cost Americans more than Obamacare taxes • Global growth is 'probably not enough' to withstand a trade war, IMF's Christine Lagarde warns • Steelworkers wonder where windfall will land • Retail Imports Remain Strong After Latest Round of Tariffs
(DBN)

NAFTA 2.0 Isn't A Done Deal Yet
(DBN)

World Bank president warns: Debt and trade problems are painting 'a troubling picture'
(DBN)

The economy's not as strong as the numbers indicate, says Starwood Capital Group CEO Barry Sternlicht
(DBN)

Wholesale inflation is back again, PPI shows, but it’s not rising as rapidly as it was earlier in the year
(DBN)

Social Security beneficiaries set to get biggest bump in seven years
(DBN)

Amazon to compensate workers who lost stock, bonuses after wage increase • Amazon tops up pay for longtime staff after disgruntled workers email Jeff Bezos directly
(DBN)

World Confidence in America Has Plummeted
(DBN)

US Cities with Greatest Income Inequality • "Inequality in and across Cities" • Atlanta Takes Top Income Inequality Spot Among U.S. Cities
(DBN)

Poll: 46% say they still don't approve of Trump tax cuts • More Still Disapprove Than Approve of 2017 Tax Cuts
(DBN)

How GOP Rhetoric on Entitlements Has Changed
(DBN)

The Post-Election Outlook: ‘Debt, Debt and More Debt’
(DBN)

Deficit Jumped to $782 Billion in 2018 – and It’s Only Going to Get Bigger
(DBN)

Investment and Recessions
(DBN)

Gas Prices Continue to Rise • Prices Soar As Natural Gas Inventories Hit Decade Low
(DBN)

What the forgotten Americans really want−and how to give it to them
(DBN)

The next recession
(DBN)

401(k) Loan Defaults Are A $2 Trillion Retirement Problem
(DBN)

Downturn Looms as Leadership Test for California, World’s 5th Largest Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Leases: Prepetition Termination May Be A Get Out of Bankruptcy Free Card – Or Not
(DBN)

HSBC pays $765 million to settle Justice Dept. probe into mortgage-backed securities
(DBN)

Wells Fargo is back in the mortgage securitization business
(DBN)

Serious Delinquency Rates on Single Family Mortgages Lowest Since September 2007
(DBN)

Low inventory and increasing prices catching up with the housing market, says economist
(DBN)

Distressed Asset and Debt Management in Today’s Economy
(DBN)

Weekly mortgage applications down 1.7% • MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Houston Real Estate in September: "Market Cools"
(DBN)

Seattle Real Estate in September: Sales Down 29% YoY, Inventory up 78% YoY
(DBN)

11th Cir. Rejects Borrower Challenges Alleging Lender-Placed Insurance Overcharges, Kickbacks
(DBN)

____________

 

Retailing:

Why Sears Is Spooking Investors • Lampert Won’t Give Sears Another Lifeline • As Sears Plunges Toward Chapter 11, Lampert Stands To Win, Whatever Happens • Sears CEO proposes plan to avoid bankruptcy, as options and cash run low • Sears' top spokesman jumps ship as reports emerge of a potential bankruptcy filing • Sears skips payments to vendors amid bankruptcy concerns • Sears would be a brand that has ‘no value’ if it files for bankruptcy • Sears is preparing for bankruptcy as soon as this weekend • Sears prepares to file for bankruptcy in coming days: sources • Sears Holdings Really Could File for Bankruptcy Next Week • Sears shares tumble on bankruptcy fears • Sears shares dive 30 percent after report says co preparing for bankruptcy • Once nation's top retailer, Sears now faces bankruptcy. A timeline of its rise and fall •Sears: Retailer of the Living Dead • Can Sears avoid liquidation? • Bankruptcy Imminent? Sears Is On Life Support • Ask Not For Whom The Bell Tolls. It Tolls For Sears •Why Warren Buffett still wins if Sears goes bankrupt • Sears, Once the Largest Retailer in the World, May File for Bankruptcy This Week • House kits, drugs and drills: All the ways Sears was Amazon before Amazon • Three Hawaii malls hold loans with exposure to possible Sears bankruptcy • Decaying stores, plunging sales, and a remote CEO: How Sears was driven to the edge of bankruptcy • What Happens to Sears Gift Cards and Warranties if the Store Goes Bankrupt? • Sears Has Run Out of Relevance, Money and Time • Sears Is Going Bankrupt, But It Will Be Different Than Toys ‘R’ Us’ Fall • Lampert won't bailout Sears this time • Developer who saw the writing on the mall wall about Sears • A Sears Bankruptcy Could Be a Win for Some Landlords
(DBN)

Markus Jooste warned friends of impending Steinhoff crash • Steinhoff's shares plunge after global rout, report on retailer's ex-CEO
(DBN)

700 stores to close as Mattress Firm files for Chapter 11 protection
(DBN)

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Travel:

Your Rock-Solid Case for Flying Business Class for Work
(DBN)

The newest way to beat lines at the airport involves quickly scanning your eyes or fingerprints — here's how CLEAR works
(DBN)

AIRBNB guests arm selves with knives after 'super host' crashes through window, attacks
(DBN)

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Oil/Gas:

Oil futures lose more ground in electronic trading after API supply data
(DBN)

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Personal Finance:

Financial education flunks out — and here’s what’s being done about it
(DBN)

Annual defaults on loans taken against investors' 401(k)s threaten to reduce the wealth in U.S. retirement accounts by about $210 billion when the lost savings are compounded over employees' careers
(DBN)

More than half of Americans with debt say that it’s negatively impacted their lives.
(DBN)

Americans have big retirement dreams, but their financial plans don't back them up
(DBN)

______________

Conventions:

FanX fears bankruptcy, harm to Utah’s economy if it is forced to pay in ‘comic con’ verdict
(DBN)

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Environmental:

Otsego resident says defunct paper mill may be cause to city’s health problems
(DBN)

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Aviation:

How Hooters Air went from a successful airline to a $40 million failure in three years
(DBN)

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Coal:

Colorado coal co. files for $1.4B bankruptcy in Houston court • Westmoreland Coal's future hazy amid bankruptcy reorganization
(DBN)

______________

Healthcare:

Amory's future weighs on Gilmore bankruptcy outcome
(DBN)

The 25 Best & Worst Cities For Nursing Homes
(DBN)

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Mail:

Postal Service seeks 10% jump for first-class stamp, to 55 cents
(DBN)

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Waste:

Why America's recycling industry is in the dumps
(DBN)

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Aviation:

Summary: New Chapter 11 Bankruptcy Filing - ONE Aviation Corporation
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) • (2) •(3) •(4)• (5) •(6) •(7) •(8)
(DBN)

Seminars - (Contact us to list your seminar)

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Settlement:

A Plaintiff’s Bankruptcy Created a Pathway to Settlement
(DBN)

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Food/Beverage:

Judge Rules Applebee's Franchisee Bankruptcy Can Now Move Forward
(DBN)

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Proofs of Claim:

In Case of Fire, File a Claim
(DBN)

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Secured Debt:

The Federal Priority Act: How ‘secure’ is a secured creditor if the debtor is subject to a federal claim or investigation?
(DBN)

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Litigation:

From Billables to Bentham: A Day in the Life of a Litigation Finance Legal Counsel
(DBN)

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Autos:

Reagor-Dykes customers caught in lawsuit, bankruptcy limbo to see relief
(DBN)

Tesla Having Problems Paying Bills • Elon Musk has to step down as the chairman of Tesla's board — here are 8 people who could replace him • Time Running Out for Tesla to Pay Its Debts • FT says James Murdoch is in line for Tesla chair. Elon Musk's reply: Wrong • Hedge funds step up to lead shareholder suit against Tesla • Musk has 143 days before creditors start demanding money
(DBN)

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Politics:

Trump's support fails to boost Republicans in some swing House districts, polls say
(DBN)

Iowa Republican Calls For Prosecutions For Women Who Get Abortions, Including Capital Punishment
(DBN)

GOP Official Slurs Native American Democrat With ‘Back to the Reservation’ Comments
(DBN)

Trump has reportedly tried to fire John Kelly, but fails because he usually uses Kelly to fire people • My Private Oval Office Press Conference With Donald Trump, Mike Pence, John Kelly, and Mike Pompeo
(DBN)

Scarborough predicts 'Trump won't seek reelection,' Haley could run instead • Nikki Haley may have timed her exit perfectly • Bannon: Timing of Haley Departure Horrific • This Could Be the Real Reason Why Nikki Haley is Resigning
(DBN)

Trump attacks 'Medicare for all' as Democrats hammer GOP over health care in midterm fight
(DBN)

FBI arrests NY man building 200-pound bomb for election day plot • Man Planned to Blow Self Up in DC 'Over Country's Direction'
(DBN)

America’s Most and Least Popular Senators
(DBN)

Trump accuses Clinton of colluding with Russia as crowd chants 'lock her up'
(DBN)

Murkowski fires back at Trump, says she knows Alaskans "better than he does"
(DBN)

Holder flips Michelle Obama mantra: "When they go low, we kick them"
(DBN)

3 reasons to avoid talking politics at work
(DBN)

Obama's Secret Plan if Trump Rejected 2016 Election Results
(DBN)

USA Today criticized for printing Trump op-ed despite inaccuracies • USA Today Responds: Trump Op-ed Complaints • Reality check: Trump's "Medicare for All" op-ed • ‘Just ridiculous lies’: Dems incensed over misleading GOP ads on Medicare for All • Fact-checking President Trump’s USA Today op-ed on ‘Medicare-for-All’ • Donald Trump embraces self-defeating Republican attack on 'Medicare for all' • Wildly Inaccurate Trump Op-Ed On Health Care Receives Swift Backlash
(DBN)

'Why aren't they paying?': Trump hits out at South Korea about missile defense system
(DBN)

Trump, no longer ratings gold, loses his prime-time spot on Fox News
(DBN)

Trump’s Patron-in-Chief: Casino Magnate Sheldon Adelson
(DBN)

Republicans Express Record Support for One-Party Control
(DBN)

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Advisers:

NeJame Joins B. Riley FBR Corporate Restructuring Division
(DBN)

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Awards:

Laura Appleby Named One of the ABI's 2018 "40 Under 40"
(DBN)

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Pensions:

Critical and declining multiemployer plans need help from Congress, Segal Consulting says
(DBN)

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Guns:

Glock sales slumped after Trump's first year in office
(DBN)

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Corporate Reform:

SEC Hiring Freeze Will Leave Just One Examiner Per 20 RIAs By 2019
(DBN)

______________

Fraud:

Prosecutors charge Newsweek’s parent company with fraud • Newsweek’s Parent Company, Co-Founder Charged With Defrauding Lenders
(DBN)

______________

Cryptocurrency:

Dr. Doom says bitcoin represents the ‘mother of all bubbles’
(DBN)

Nearly $13 billion wiped off of cryptocurrency market as major coins plunge
(DBN)

______________

UK:

Theresa May's government edges closer to collapse as DUP threatens to pull the plug
(DBN)

Britain's WH Smith to shut six shops in revamp as high street business slips • WH Smith to restructure high street business amid tough retail environment
(DBN)

UK’s Highest Court Rules In Favor Of Bakery That Refused To Make Cake Supporting Same-Sex Marriage • Human rights barrister explains what you need to know about today’s big decision
(DBN)

______________

PIIGS:

Italy's stocks are in bear market territory as the global market rout reignites budget crisis fears
(DBN)

Italy's debt needs to come down, EU's Moscovici says
(DBN)

______________

Canada:

Bankruptcy has customers fearing data breach
(DBN)

Elisabeth Lang appointed Superintendent of Bankruptcy
(DBN)

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China:

Note in Walmart Purse from Chinese Prisoner
(DBN)

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India:

Indian economy is going to be in top three, if not the top one, says IMF chief Christine Lagarde
(DBN)

Banks may not take a decision on stressed power plants by October 15
(DBN)

______________

Australia:

'Totally shocked': Businesses blindsided by reappearing tax debts
(DBN)

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Russia:

A Trio of Wealthy Russians Made an Enemy of Putin. Now They’re All Dead
(DBN)

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MENA:

US intercepts reportedly show Saudi crown prince ordered detention of journalist Khashoggi • Lindsey Graham warns there will be 'hell to pay' if Saudi Arabia killed missing journalist Khashoggi • USA raises pressure on Saudi Arabia over missing journalist • Khashoggi Was Wearing Apple Watch When He Disappeared • Trump speaks to Saudis about missing journalist • Report: U.S. Knew of Saudi Plan to Capture WaPo Columnist, Failed to Stop It
(DBN)

Iraq: Water Shortages Could Cause 4 Million More to Flee
(DBN)

______________

Zimbabwe:

Zimbabwe Creditors Back Plan to Clear Debt Dues, Ncube Says
(DBN)

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